1. #1
    Forum Member

    Join Date
    Nov 2004
    Location
    Savoy, Illinois, U.S.A.
    Posts
    3

    Default Foreign Fire Insurance Board Formation

    We are finally forming our Foreign Fire Insurance Board and I'm having problems finding out some of the particular's in Illinois. I know that our treasurer needs to be bonded but our Village is part of the Illinois Municipal League and the insurance we have with them covers bonding that person. What I'm more interested in is that the law says that we have to have an annual audit by a CPA that is submitted to the Village Board. The amount of money we are getting is just under $7,000 and we were quoted that it would cost around $2,000 for just the audit of this fund. Does this sound legit? Does anyone know specifically what we need to do or is there some state paperwork that needs filled out? Thanks!

    D.J. Dunn II, Lieutenant
    Savoy Fire Department
    ddunn@savoyfd.com

  2. #2
    MembersZone Subscriber

    Join Date
    Jan 2004
    Location
    Mt. Vernon IL
    Posts
    32

    Default

    Contact the Mt. Vernon Fire Dept. FFIB. Those guys really have done a fantastic job getting things locked down. They know rules inside and out.

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